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U.S. stocks are looking to end the week on a high note, with all three major indexes climbing and on track for weekly advances.
Stocks rose Friday after Thursday’s mini-freakout, when the S&P 500 snapped a winning streak after a lackluster Treasury auction and a warning from Federal Reserve Chair Jerome Powell that victory over inflation wasn’t assured.
U.S. stocks rose. The S&P 500, Dow industrials and Nasdaq Composite all traded in positive territory. The tech-focused Nasdaq led the way higher, up more than 1.5%. The Dow was up some 300 points.
Bond markets stabilized. The U.S. 10-year yield edged down. It was recently at 4.616%, from 4.629% late yesterday.
Earnings reports hurt some stocks. Illumina, Trade Desk and Plug Power all fell after reporting quarterly results.
Oil prices moved higher. Brent crude rose about 2%, trading around $82 a barrel. Energy stocks rose, too.
Bitcoin prices were above $37,000, according to CoinDesk. The cryptocurrency has rallied on hopes the U.S. will approve bitcoin exchange-traded funds, and logged its highest end-of-day level Thursday since May 2022.
U.S. markets are open as usual Friday, with the Veterans Day holiday falling on Saturday this year.
Correction: The Nasdaq Composite index was up more than 1% around midday. An earlier version of this article incorrectly said it was up more than 5%.
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